Since the Islamic gold dinar concept was mooted by Dr. Mahithir Mohmad, the prime minister of Malaysia, it has aroused the interest of the public on the nature and benefits of this new Islamic gold payment and settlement system. This book looks at the problems inherent in contemporary financial systems. Taking the 1997 Malaysian economic and financial crisis as an example, it shows that the fundamental causes of business cycles, unemployment and inflation is rooted in some of the features of the present-day financial system, namely flat money, fraction reserve requirements and interest rates. It then shows how these features also indirectly bring about many social problems to such an extent that they threaten the culture and sovereignty of nations.
Written by Ahmed Kameel Mydin Meera.
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